(previously called Global Dairy Company Limited), The New Zealand Co-operative Dairy Company Limited and Kiwi Co-operative Dairies Limited
Notice in Respect of an Amalgamation Proposal
Pursuant to Section 221 (4) (b) Companies Act 1993
It is proposed that Fonterra Co-operative Group Limited (previously called Global Dairy Company Limited), Kiwi Co-operative Dairies Limited and The New Zealand
Co-operative Dairy Company Limited ("the merging companies") will amalgamate and form a new company to be called on incorporation Global Dairy Company Limited and immediately thereafter renamed Fonterra Co-operative Group Limited on the terms set out in a merger proposal dated on the 24th day of May 2001 ("the merger proposal").
Subject to enactment of satisfactory dairy industry restructuring legislation, the merger is intended to take effect on the later of the 28th day of September 2001 or the date of delivery of the merger proposal for registration at the Auckland District Companies Office.
Copies of the merger proposal are available for inspection by any shareholder or creditor of the merging companies or any person to whom any of the merging companies are under an obligation at the current registered office of Fonterra Co-operative Group Limited, being Building 103, Leonard Isitt Drive, Auckland Airport, Auckland.
A shareholder of any of the merging companies, any creditor of the merging companies or any person to whom any of the merging companies is under an obligation is entitled to be supplied free of charge with a copy of the merger proposal upon request at the registered office stated above.
Dated this 27th day of August 2001.
CHAPMAN TRIPP SHEFFIELD YOUNG, Solicitors to the Merging Companies.